Just wanted to jump in and express that not all students want to make ROI or profit as far as mining is concerned. There are a range of reasons for people to get involved. I prefer to work with people who are sincerely interested to know what this technology is about and expose them to the existing "beneficial" and potential future usage.

In case you missed it. I have updated the speculative hardware return.



Here is a link to the shared document for you to review. I keep it updated and try to add comments to FAQ in the fields.

https://docs.google.com/spreadsheet/ccc?key=0AmeuPljmUNHCdEpqX2RmMDFwemJyLURVUWFtZ3J3aGc&usp=sharing

Well done. Hope to see more with next firmware updates. Can you see what the power draw is at the wall?

☺

Here is a comparison on projected returns with network difficulty increasing 10% vs 20% after power costs assuming BTC US value remains at $600 per BTC.

Network Difficulty Increasing 10% @ $600 usd per BTC



Network Difficulty Increasing 20% @ $600 usd per BTC



Shared link https://docs.google.com/spreadsheet/ccc?key=0AmeuPljmUNHCdEpqX2RmMDFwemJyLURVUWFtZ3J3aGc&usp=sharing

For those who wish to checkout your results.

Just copy and save the document to your google drive.

Coinsetter.com is live in New York.

Coinsetter in New York is up. Along with a new batch of hardware being sold for aug 2 shipping.

For those who may have missed it I updated the Hardware return vs buying bitcoin spreadsheet.



Here is the shared link. https://docs.google.com/spreadsheet/ccc?key=0AmeuPljmUNHCdEpqX2RmMDFwemJyLURVUWFtZ3J3aGc&usp=sharing

Pay it forward. Kids wife fam or your favorate animal shelter. 😊

I have updated the projected hardware to btc return chard and spread sheet to include the aug sept and original prices of the sp30.



Shared link to document. https://docs.google.com/spreadsheet/ccc?key=0AmeuPljmUNHCdEpqX2RmMDFwemJyLURVUWFtZ3J3aGc&usp=sharing

I have updated the info to the latest network difficulty.  I will be reducing the expected network difficulty in the future to 10% from the present 20%.



Here is the shared link to all the hardware tabs.

https://docs.google.com/spreadsheet/ccc?key=0AmeuPljmUNHCdEpqX2RmMDFwemJyLURVUWFtZ3J3aGc&usp=sharing

This may be what US citizen's need to get involved in the universal bitcoin protocol.

However bitcoin network has far more use then only currency and value transactions.

We may see the technology be used as a larger scale platform. We may see that having 1BTC from a specific address used to permit one country GDP worth of transactions between country's. It may take a reward halving or two but it will be obvious when it happens.

One thing is for certain,  this technology will drive innovation forward for all participants.

There are two solutions that have been discussed by  those that can plan for future issues. I suspect both will be used to some extent before the next subsidy reward halving.

I have updated the profitability calculator with the new numbers.

After the next 3 difficulty target's I expect network difficulty to be 10%. Then again if btc value goes up who knows.



This link below is for those who may wish to view the other tabs in the document and make a copy for their own use.

https://docs.google.com/spreadsheet/ccc?key=0AmeuPljmUNHCdEpqX2RmMDFwemJyLURVUWFtZ3J3aGc&usp=docslist_api

No point..

If you enjoy reading.

http://www.sec.gov/Archives/edgar/data/1579346/000119312514058712/d562329ds1a.htm

Company Overview

Company Name   WINKLEVOSS BITCOIN TRUST
Company Address   C/O MATH-BASED ASSET SERVICES LLC
1007 ORANGE STREET, SUITE 1463
WILMINGTON, DE 19801
Company Phone   302-472-9171
Company Website    --
CEO   Cameron Winklevoss
Employees    --
State of Inc   NY
Fiscal Year End   12/31
Status   Filed (7/1/2013)
Proposed Symbol    --
Exchange    --
Share Price   $20.09
Shares Offered   1,000,000
Offer Amount   $20,090,000.00
Total Expenses    --
Shares Over Alloted    --
Shareholder Shares Offered    --
Shares Outstanding    --
Lockup Period (days)   180
Lockup Expiration    --
Quiet Period Expiration    --
CIK   0001579346
Company Description

The Trust is expected from time to time to issue Baskets in exchange for
deposits of bitcoins and to distribute bitcoins in connection with redemptions
of Baskets. The investment objective of the Trust is for the Shares to reflect
the performance of the price of Bitcoins, as measured by the
 Winklevoss
IndexSM("WinkdexSM"), less the Trust's expenses. The Sponsor believes that, for
many investors, the Shares will represent a cost-effective and convenient means
to access exposure to bitcoins. The Shares represent units of fractional
undivided beneficial interest in and ownership of the Trust and are expected to
be traded under the ticker symbol "[    ]" on the [       ].

The Trust's Sponsor is Math-Based Asset Services, LLC. The Sponsor is a Delaware
limited liability company formed on May 9, 2013, and is wholly-owned by
Winklevoss Capital Management LLC. Under the Delaware Limited Liability Company
Act and the governing documents of the Sponsor, Winklevoss Capital Management
LLC, the sole member of the Sponsor, is not responsible for the debts,
obligations and liabilities of the Sponsor solely by reason of being the sole
member of the Sponsor. The Sponsor will be the exclusive licensee, within the
field of use of operation of an exchange traded fund, of certain patent-pending
intellectual property regarding the operation of the Trust and the Trust's
hardware and software security system ("Security System"). Winklevoss IP LLC is
the owner of and is licensing to the Sponsor such intellectual property.

The Sponsor will arrange for the creation of the Trust, the registration of the
Shares for their public offering in the United States and the listing of the
Shares on the [      ]. The Sponsor has agreed to assume the following
administrative and marketing expenses incurred by the Trust: the Trustee's
monthly fee and expenses reimbursable under the Trust Agreement, Exchange
listing fees, US Securities and Exchange Commission ("SEC") registration fees,
printing and mailing costs, audit fees, up to $[  ,000] per annum in marketing
expenses and up to $[100,000] per annum in legal expenses. The Sponsor will also
pay the costs of the Trust's organization and the initial sale of the Shares,
including the applicable SEC registration fees.

The Trustee is [TRUSTEE]. In its capacity as trustee of the Trust, the Trustee
is generally responsible for the day-to-day administration of the Trust. This
includes (1) transferring the Trust's bitcoins as needed to pay the remuneration
due to the Sponsor ("Sponsor's Fee") in bitcoins (such bitcoin transfers are
expected to occur approximately monthly in the ordinary course), (2) calculating
the NAV of the Trust and the NAV per Share, (3) receiving and processing orders
from Authorized Participants to create and redeem Baskets and coordinating the
processing of such orders with The Depository Trust Company ("DTC"),
(4) transferring the Trust's bitcoins as needed to pay any extraordinary Trust
expenses that are not assumed by the Sponsor and (5) selling the Trust's
remaining bitcoins at termination of the Trust and distributing the cash
proceeds to the owners of beneficial interests in the Shares ("Shareholders") of
record.

The Trust's custodian is [       ]. Although the Trust's bitcoins are not stored
in a physical sense, the Blockchain's transaction records assign a location for
each of the Trust's bitcoins to digital wallets established by the Trustee using
the Trust's proprietary Security System, which wallets digitally hold the
bitcoins and permit the Trust to move its bitcoins. Access to those digital
wallets, and the bitcoins they hold, is restricted through the public-private
key pair relating to each digital wallet. In its capacity as custodian, the
Trustee is responsible for the safekeeping of the Trust's private keys used to
access the digital wallets. The Trustee also facilitates the transfer of
bitcoins in and out of the Trust Custody Account through the bitcoin custody
accounts it will maintain for Authorized Participants and the Sponsor. The
Trustee will store all of the Trust's digital wallet private keys in US vaulting
premises on a segregated basis, and will deliver such private keys to the
Trustee's authorized administrative operations to permit access to the digital
wallets on an as-needed basis.
---

Winklevoss Bitcoin Trust
30 West 24th Street, 4th Floor,
New York, NY 10010
Our telephone number: (646) 751-4444.


Read more: http://www.nasdaq.com/markets/ipos/company/winklevoss-bitcoin-trust-909930-72927#ixzz35ydetOAG

Slow and steady.

That be wise.

Those are the entries for those who had purchaded the units back then.

It is a baseline for those operating them for there records.

Everyone is free to input their own numbers in to suit their specific prices.

This is just to show that at this time buying btc is a better option.